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Power tool manufacturer Black & Decker will cut its inventory by up to 16% following the implementation of a sales promotion planning application from JDA Software.

By creating more accurate sales forecasts, it will be able to cut costs by holding less stock in its warehouses and distribution centres.

The US company cut its inventory by between 5% and 10% in a trial of the software earlier this year. It expects to cut its inventory by a further 6% after completing the deployment of its application next year.

The Market Manager application, which JDA supplies following its summer takeover of Manugistics, enables Black & Decker to forecast sales during promotions.

Black & Decker will use the tool to share sales data with retailers in each European country where its products are sold. In the UK, for example, it will forecast sales during promotions with home improvements retailer B&Q.

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